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WEALTH MANAGEMENT | , Singapore

Published: 01 Feb 09

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Cannon to lead HSBC's Global Markets in Korea

HSBC announced the appointment of Matthew Cannon as managing director, treasurer and head of Global Markets, Korea. Cannon is responsible for managing the bank’s Global Markets activities including foreign exchange and money markets as well as fixed income and derivative trading and sales.

Locally, Cannon reports to Simon Cooper, group general manager, president and CEO of HSBC Korea, and functionally to Gordon French, managing director of Sales and Regional Treasury Management, Global Markets, Asia-Pacific.

Anita Fung, group general manager, treasurer and head of Global Markets, Asia-Pacific, HSBC, said: "Matthew brings a wealth of Global Markets experience, most recently having run HSBC’s structured credit business for Asia-Pacific. We are delighted about his promotion and are confident that he will further develop our already successful Global Markets franchise in Korea."

Cooper said: "HSBC’s presence in Korea enables local clients to access a full range of products and services across Asia and other regions via its strong international network. We continue to focus on Korea as a key market for HSBC in general and for Global Banking and Markets in particular. The appointment of Matthew demonstrates our commitment to this business."

Cannon has been with HSBC for more than 15 years and has worked in various locations including Hong Kong, London, New York, Tokyo and now in Korea. He was previously Head of Structured Credit Products, Asia-Pacific and prior to that Head of Structured Credit Product Marketing, Europe, Middle East and Africa.

Cannon's breadth of experience particularly in derivative and credit markets, including more than eight years in Asia, will further strengthen HSBC's capability to provide first-class support and advice to clients in Korea—a critically important market in HSBC's regional strategy.

Cannon graduated from Bristol University with Bachelor of Science in Economics with Statistics.

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